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Simple 5 Steps to file e-TDS/TCS Return.

7:53 AM  Dharmen  

NSDL-TIN has introduced a easy way to submit e-TDS/TCS return in simple 5 steps.  As per NSDL TDS Deductors can submit e-TDS returns through TIN-Facilitation Centres (TIN-FC) established by NSDL or directly upload through NSDL web-site.  It is mandatory (w.e.f. June 1, 2003) for corporate deductors to furnish their TDS returns in electronic form (e-TDS return).  Therefore TIN-NSDL introduced 5 simple steps for e-TDS/TCS return which are as follows:

STEP - 1 :
The data structure (file format) in which the e-TDS / e-TCS return is to be prepared has been notified below:
(a) Annual e-TDS Return :
(b) Annual e-TCS Return :
(c) Quarterly Return :
For Regular Statements pertaining to FY 2010-11 onwards:
For Regular Statements up to FY 2009-10
For Correction statements pertaining to FY 2010-11 onwards:
For correction statements up to FY 2009-10:
STEP - 2 :
e-TDS/e-TCS return in accordance with the file formats is to be prepared in clean text ASCII format with 'txt' as filename extension. e-TDS/e-TCS return can be prepared using in-house software, any other third party software or the NSDL e-TDS Return Preparation Utility (e-TDS RPU-Light).
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Sample files prepared as per the file formats given below for reference.
Annual Return :
Quarterly Return :
For statement pertaining to FY 2010-11 onwards:
For statement upto FY 2009-10
STEP - 3 :
Once the file has been prepared as per the file format, it should be verified using the File Validation Utility (FVU) provided by NSDL.
* FVU for Annual Returns: e-TDS / e-TCS returns prepared for FY 2004-05 (Forms 24, 26, 27 and 27E) can be validated using this utility.
* FVU for Quarterly Returns: e-TDS / e-TCS returns prepared upto FY 2009-10 (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.
* FVU for Quarterly Returns: e-TDS / e-TCS returns prepared for FY 2010-11 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.

STEP - 4 :
In case file has any errors the FVU will give a report of the errors. Rectify the errors and verify the file again through the FVU. 

STEP - 5 :
The upload file generated by the FVU on successful validation is to be furnished to a TIN-FC or directly uploaded through the NSDL web-site.
Annual Returns:
Each e-TDS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27A).
Each e-TCS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27B).
Quarterly Returns:
Each e-TDS/TCS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27A).

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